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Monday, September 19, 2016

So, Neteller Is Also Available in Naira (NGN)!

I regret to say that many people are yet to grasp the
usefulness of Neteller. They’re attracted to anonymous and unregulated
e-currencies because they’re great for criminal activities. People can open
accounts with them using fake names, addresses, etc.

People obviously have forgotten to learn from the past.

As per Neteller, I often marvel at the usefulness of this e-currency,
which many people are yet to understand.

Neteller is an electronic currency for online payments
(e-currencies are exchanged on computers). Money in a Neteller account can be
used to pay merchants, sent to other customers of the service, or spent at any
retailer that accepts MasterCard® using the Neteller prepaid card that is a
part of the account. People in over 200 countries use the Neteller service to
transfer money to and from merchants, such as financial institutions, social
networks, or online betting firms, and can withdraw funds directly using the
Net+ card or transfer the balance to their own bank accounts. You can receive
salaries and payments for services in Neteller. You can use your local currency
to buy Neteller for your account or change Neteller in your account to your
local currency or transfer it directly to your bank account.

Yes you can sell it if your account is denominated in other
currency apart from USD. The remittance would get to the recipient’s USD
account automatically. When you buy it, you are funded in a world currency, and
Neteller will settle you in your account denomination automatically. But a conversion fee of 3.99% will be applied
by Neteller. Please note this. You can also have your Neteller in Nigerian
Naira (NGN) and use it to receive any currency and send to any currency.

As you can see, someone once sent some funds to an account
denominated in Australian dollars. If you want dollars, euro, pound sterling,
yen, naira and so on. You can open a Neteller account in that denomination and
have it funded by an exchanger which would send dollars to it and have it
converted automatically for you.

One good thing about it is that, the fund can then be
withdrawn by you to your domiciliary account here in Nigeria or to your debit
Net-Card, given to you by Neteller. You can use it anywhere in the world and
for anybody in the world.

A Great Example

When it comes to Naira, someone received some Euros from
Europe into her Neteller NGN account, and saw that it has been changed to
36,000 NGN. She sent it to an exchanger who saw 108 USD in his wallet. The
woman was quickly paid a sum of 40,200 NGN for the sale.

As you can see, the woman has made additional 4,200 NGN from
her simple action, since Neteller uses official conversion rates.